IGI Logo

GOLD

Gold trading range for the day is 47080-48600.

Gold prices rose as a weaker dollar and worries about rising inflation bolstered demand for the safe-haven asset.

Atlanta U.S Fed President Raphael Bostic said he expects high inflation to persist into 2022 and the central bank to raise interest rates by the end of next year.

Euro zone inflation expectations hit their highest levels in years, putting additional pressure on the ECB and its insistence on maintaining crisis-era stimulus.

Physical gold demand in major Asian hubs stalled after rising prices curtailed retail purchases

BUY GOLD DEC 2021 @ 47500 SL 47250 TGT 47850-48200.MCX

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer